The USD index is testing the annual maximums

The USD weakened against the basket of major currencies. The USD Index (#DX) closed in the red (-0.11%). Democrats have won the House of the Representatives in the US while the Republicans are holding onto the Senat. The investors are waiting for the Federal Reserve to determine the new key interest rates. Watch out for the comments and the polemics by the Federal Reserve representatives.

A number of important economic reports was published yesterday. Canada released a Purchasing Managers’ Index by Ivey for October, which reached 61.8 instead of expected 50.9. The Reserve Bank of New Zeland left the key interest rate at 1.75%, as was expected. Today, during the Asian trading session, China has released positive data regarding their trade balance. For example, the volume of export rose in October to 15.6%, while the volume of import – to 21.4% instead of the expected 11% and 14% respectively.

The prices on oil started to recover. At the moment, the WTI futures are at 62 USD/barrel.

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